For taxpayers who owe money, the consequences of a late filing can be costly, with steep monthly charges and daily interest ...

The IRS says the typical late-payment penalty is 0.5% per month, and will not exceed 25% of unpaid taxes. The interest rate on late payments is adjusted quarterly, and is currently 4% per year ...

For those who missed the April 15 deadline, they will face monetary penalties, including failure-to-file and late-payment penalties. The failure-to-file penalty applies if the taxpayer doesn't ...

This is in addition to a 0.5% monthly penalty for late payment. Together, you could face a surcharge of up to 25% of the total if the delay is prolonged. In addition to penalties, the IRS charges ...

Taxpayers can request a six-month extension to file their return, but payment is still due by the original deadline. Penalties apply for filing late or not paying taxes owed. Tick, tick tick.

You'll likely owe interest and penalties if you don't pay by the deadline. "Those who owe taxes but don't pay by the deadline should expect the IRS to charge late payment fees of 0.5% of the ...

When you make your credit card payment late, you're often subject to late fees and a penalty APR, which is a temporary spike in your interest rate. The Blue Cash Preferred® Card from American ...